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Banking & Finance

Chip Norton, owner of Mercantile Center, files for bankruptcy amid lawsuits, $70M in debt

Norton’s use of personal guaranties for business dealings potentially throws the future of key Downtown Worcester properties into question. 

Mass. tax collections climbed 7.1% last fiscal year, totaling $43.7B

Amid months of hand-wringing about the state's financial footing, Massachusetts ended the most recent budget cycle with tax collections that just about matched the official forecast for modest growth.

Marlborough Hospital to double emergency department size amid $46M expansion

The hospital hopes to see its first patient at its expanded emergency department by November 2026.

UniBank buys 100-year-old home linked to original founder’s family for $1M

This is far more significant than just a purchase of real estate — it’s a bridge between the past and the future,” Timothy Wickstrom, chairman of the board of directors at UniBank, said.
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Charlton auto dealership sold to partnership backed by $2M WBDC small business loan

Worcester Business Development Corp. has added Butler GMC to its Small Business Administration 504 Loan portfolio.

Mount Wachusett college receives $5M to support students facing systemic barriers

The Gardner school has received more than $5 million to support the academic success of low-income students, first-generation students, and students with disabilities.

$259M in spending, reproductive legal shield, and infrastructure bills land on Healey’s desk

The Legislature treated the last day of July as it so often does: with a blitz of action to advance or wrap up multiple bills before lawmakers give themselves an extended break.

Avidia Bank fully completes transition to public company, begins trading on NYSE

Shares began trading at an initial price of $10, climbing to around $14.30 as of late Monday morning.
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Healey introduces $400M initiative to support state research, jobs

Gov. Maura Healey wants to infuse the state's research and jobs sector with hundreds of millions of dollars as Massachusetts grapples with a tight fiscal climate and federal fluctuations in research and education support.

After record-breaking number of applications, Health Foundation grants $1M to 10 nonprofits

Ten Worcester County nonprofits have received nearly $1 million in combined funding for their sustainable approaches to addressing community health concerns. 
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Girl Scouts of Central and Western Massachusetts
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